Hello guys,
I have been following bitcoin for a while now, from back to when it was around a couple hundred dollars, but I was too afraid to jump on this train at the time.
Now that I see it's current level, I'm quite sad to have missed this opportunity, but, I'm ready to got for it.
The thing is, regarding the current situation where the altcoin market is quite calm and Btc on the way for the unknown with the next fork, I'm not exactly sure what strategy I should adopt.
Shall I just invest in BTC, no matter what will happen with the fork? Shall I invest in certain good value altcoins waiting for BTC to stabilize?
I know this is a question that comes a lot from beginner like, and I'm sorry If it's just another random post but I didn't found the answers to my questions for now.
Thank you in advance for your feedbacks guys, I'm new to this forum but I'm hoping to stay for a while
The simplest strategy a newbie can take in this time of uncertainty is to sell all your btc stash and rebuy at a lower price, then wait for things to calm down. This might not work all the time, but it has proven that it is one good strategy to execute in times of doubt specially when bitcoin price is high. Investing on altcoin with potential seems to be a good strategy too, you can also use it if you want.I have been following bitcoin for a while now, from back to when it was around a couple hundred dollars, but I was too afraid to jump on this train at the time.
Now that I see it's current level, I'm quite sad to have missed this opportunity, but, I'm ready to got for it.
The thing is, regarding the current situation where the altcoin market is quite calm and Btc on the way for the unknown with the next fork, I'm not exactly sure what strategy I should adopt.
Shall I just invest in BTC, no matter what will happen with the fork? Shall I invest in certain good value altcoins waiting for BTC to stabilize?
I know this is a question that comes a lot from beginner like, and I'm sorry If it's just another random post but I didn't found the answers to my questions for now.
Thank you in advance for your feedbacks guys, I'm new to this forum but I'm hoping to stay for a while
Thank you for you answer!
For now I didn't invest in Btc, but I'm planning to!
It completely depends if you're planning on holding for long term or short term. If you're planning on holding long term, why does the current price matter? If you're expecting it to go up in the future then you'll be fine with any price around $5,000-$10,000. Short term is another different story though, probably wait for a correction.
I would prefer a long term investment, but I'm scared that after the fork, the price may not go up. So according to what you told me, an investment split between valuable altcoin and Btc may be a good strategy